The new company is a joint venture between Tatas and Singapore Airlines, with Tata Sons Ltd holding he majority 51 per cent stake and the Singaporean aviation major having the remaining 49 per cent equity.

"We are looking at very fast clearances. We hope that we will be able to launch by May-June," Tata SIA Airlines Chairman Prasad Menon, who accompanied Tata and Goh, told reporters after the 45-meeting with Singh here.